The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-04-23
B. G. Dun & co.'s REVIEW
or THE STATE OF TRADE ALL
BRANCHES.
Extensive Snow Storms About New
Ysrk Caused Considerable En-
barrassment In some Lines.

NEW YORK, April % r. g. Dun &
Co.'s weekly review of trade says:
Unusual weather hinders trade. Elk.
tensive snow storms late in April, with
strips and patches of snow still on the
ground at this date around New York,
account for not little embarrassment
in various branches OF business. /. is
compromising fact that the long
drought at the West is broken, and
copious rains help crop prospects, but
the outlook in dry goods is especially
affected by unreasonable weather,
which adds to apparent depression
caused by unwonted purchases Of
stocks last month in order to antici-
pate changes Of rates. The market for
woolens drsgs, and is unsatisfactory,
and while cotton staples are firm, print
cloths are weaker. Raw cotton does
not advance, though receipts are small
and wool has been weak, though hope
is expressed that the bottom has been
touched. Iron ia dull at Philadelphia,
with prices of some grades marked
down there and at Pttsburg; bar is
10 yer, and the entire msrke. fevsrish
with symptoms of weakness. Wheat
ia held by a reported corner, but has
scarcely advanced q shade. Pork
products are a little weaker, and oil is
dull. Coffee has been suddenly Sd-
vanced cent by speculative methods.
Lsa.her ia in better demand, boot and
shoe orders having decidedly improved
The rubber market is excited. Stocks
have turned downward, with an aver
age decline for the week of bali dol
lsr per share. For much of the en-
barrassment the changes in rail rat e
under the interstate commerce set aie
responsible. Many think, as the Com
mission apparently does, that the rail.
roads have made the law an excuse
| for unnecessary advances in rates, but
the broad fbct remains that q great
part Of the business If the country has
been built up under q system oil
special rates to encourage especial To-
Calities or trades. The chief intent o.
the act is to prohibit such specia
fsvors. An inevitable result is thai
the industries and business of grea
number of places are disturbed. For
eigu and interior trade continue fairly
active. Exports from New York SHOW
an increase Of IL per cent. over las
year but are declining, against an in
crease of n per cent. in imports, with
an advancing tendency. At som!
Southern points business is 80 dull
that country merchants in unusua
number are asking extensions, but col
lections generally are fairly prompt
Money would be everywhere abundan
but for extraordinary demands In rea
estate speculation and building. A
New York alone plans fled in thre
months call for an expenditure Q
S22, 500, 600 in building, and mortgage
amount to $35, 800, 900 for the quarter
At the came rate throughoutthe cour
try, new mortgages would aggregst
81, 900, 000,0 600, and new building
would coat 81, 400, 900 900. A Chicae
journal reports 21,347 miles OF me-
railway building proposed for tn
year, and 1886 miles of track to B
: relsid, which would cost over $500
5 100000. With such demands it is M
: strange that any disturbance in tn
usual trade and productive industry
the country is fe t. The business fsi
3 urea during the last seven days nan
4 bsr for tho United States III, and IL
= Canada %, against a total of l75 la
Q week, aud 1874 for the correspondent
week of last year.